Editor's PiCK
Trump: "America is on fire right now... Prices have fallen and wages have risen"
Minseung Kang
Summary
- President Trump expressed that the U.S. economy is currently very hot.
- The recently released U.S. nonfarm payrolls figures exceeded market expectations.
- Average hourly earnings rose 3.9% year-over-year, beating forecasts.
President Donald Trump made self-praising remarks regarding the state of the U.S. economy and the nation’s borders.
On the 6th (local time), Trump posted on his social platform Truth Social, declaring, "America is on fire right now!" and claiming, "Just six months ago, it was as cold as ice!"
He went on to add, "The border is closed, prices have gone down, and wages have gone up!"
Trump’s comments drew attention as they coincided with the release of the U.S. employment report that same day. Nonfarm payrolls in May increased by 139,000, exceeding market expectations of 126,000. Average hourly earnings also rose 3.9% year-over-year, surpassing the forecast of 3.7%.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
![[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership](https://media.bloomingbit.io/PROD/news/a954cd68-58b5-4033-9c8b-39f2c3803242.webp?w=250)
